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Point Pleasant Beach Ocean County NJ – Tax Lien Auction
Point Pleasant Beach Borough, Ocean County Tax Information
Point Pleasant Beach will host its annual Municipal Tax Sale on Friday, November 22, 2024, at the PPB Borough Hall, 416 New Jersey Avenue, Point Pleasant Beach. Registration begins before 10:00 AM, and the auction will commence at 10:00 AM. The auction will keep going until all eligible properties sell.
Key Auction Details
Date: November 22, 2024
Location: PPB Borough Hall, 416 New Jersey Ave, Point Pleasant Beach, NJ
Time: 10:00 AM
Terms of Sale
Bidders compete in a public auction by lowering the interest rate on the tax lien, starting at 18%..
If the interest rate reaches 0%, lenders may offer a premium to secure the lien.
Successful bidders pay the delinquent tax amounts, and a lien is placed on the property.
Foreclosure proceedings can start after two years if the lienholder does not redeem the lien, but the lien does not grant ownership or trespass rights.
How to Participate
Register: Registration is available on the day of the sale at PPB Borough Hall.
Bidding: Bidders will compete on interest rates, starting at 18% and with the option to bid down to 0%. When the interest rate reaches 0%, we can offer premiums.
Complete Payment: Winning bidders must pay the delinquent tax amounts immediately after the sale to secure the lien.
Links you might need for the Point Pleasant Beach Borough, Ocean County, New Jersey, Tax Auction
The Point Pleasant Beach tax auction offers a fantastic opportunity for investors to purchase properties by covering unpaid taxes. By bidding on interest rates, investors can secure a lien on the property, earning interest until the lien is redeemed. If the lien remains unpaid after two years, foreclosure proceedings can begin. Conduct thorough research, arrive early for registration, and prepare to participate in competitive bidding. This auction provides a chance for buyers to invest in real estate through the tax sale process.
For more information on available properties and terms, visit the official auction page or contact the Borough’s tax collection office.
Visit our Auction Calendar for upcoming auctions!
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